The Israel-Hamas war has put the spotlight on how global tech majors, including Meta Platforms (NASDAQ:META), Alphabet’s Google (NASDAQ:GOOG) (NASDAQ:GOOGL), X (formerly Twitter), and TikTok, are moving to curb misinformation and harmful content on their platforms.
U.S. Senator Michael Bennet is seeking details on the actions these companies have taken to combat misinformation, according to Reuters. In some cases, content from previous conflicts, as well as video game footage, has been disseminated on social media platforms. Previously, Thierry Breton, the Industry Chief in the EU, also called on social media companies to do more to tackle misinformation and initiated a probe into X.
Meta has outlined its content monitoring efforts in the aftermath of Hamas’ attacks on Israel. Its expert teams have been monitoring its platforms around the clock, and the company has set up a special operations center with teams fluent in Hebrew and Arabic. In the three days after October 7, Meta removed or flagged over 795,000 pieces of content violating its policies.
How High Will META Stock Go?
Overall, the Street has a Strong Buy consensus rating on Meta. The average META price target of $376.03 implies 16.4% potential upside.
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